IBPS Clerk Salary Structure 2024, Revised Salary, Job Profile

The IBPS Clerk Salary in 2024 is a key aspect for many candidates considering this career path. The starting salary for an IBPS Clerk is ₹19,900 per month, and it can go up to ₹47,920 with experience and promotions. IBPS Clerk Salary package includes various allowances such as Dearness Allowance (DA), House Rent Allowance (HRA), and Special Allowance, which together enhance the overall compensation. During the training period, candidates receive a reduced salary, but they will get the full salary package once their training is completed and they are officially appointed.

IBPS Clerk Salary 2024

The IBPS Clerk Salary is one of the primary attractions of the post, providing a secure and rewarding career. As clerks gain experience and progress in their roles, their salaries increases accordingly. Understanding the IBPS Clerk Salary 2024 structure, including the pay scale and additional perks, is important for aspirants. The detailed IBPS Clerk Salary information, including allowances and deductions, is available in the official IBPS Clerk Notification 2024, helping candidates grasp the financial benefits of the IBPS Clerk role.

IBPS Clerk Salary

IBPS Clerk Salary: The IBPS Clerk exam is highly desirable and recognized as one of the most competitive examinations nationwide. It presents an opportunity to secure posts in various centralized banks across the country, specifically in clerical roles. The IBPS Clerk’s hand salary is approximately Rs. 30,000/- per month with basic pay of Rs. 19,900/-. The Bank Clerk’s salary structure includes allowances like Dearness Allowance (DA), House Rent Allowance (HRA), and Transport Allowance (TA), which significantly increase the overall monthly earnings.

Also check, IBPS Clerk Notification 2024

IBPS Clerk Salary Structure 2024

The IBPS Clerk’s Salary starts at INR 19,900 and goes up to INR 47, 920. This is the basic salary, there are also some allowances and perks, the details of which are shared below.

Headings	Amount (in INR)
Basic Pay	INR 19,900
Dearness Allowance	INR 5,209.82
Special Allowance	INR 4,118
Transport Allowance	INR 757.08
CCA	INR 0
House Rent Allowance(HRA)	INR 2,039.75
Gross Pay	INR 32,024.65
Deduction (NPS Fund, Union Fee)	INR 2,570.98
Net Pay	INR 29,453.67

IBPS Clerk Pay Scale 2024

The IBPS Clerk’s salary in India gradually increases as an employee continues to work and gets promoted through the course of his job.

Duration	Basic Pay	Yearly Increment
Initial	₹19,900	₹1,000
After 3 years	₹20,900	₹1,230
After the next 3 years	₹24,590	₹1,490
After the next 4 years	₹30,550	₹1,730
After the next 7 years	₹42,600	₹3,270
After 1 more year	₹45,930	₹1,990
Maximum Basic Pay	₹47,920	–

IBPS Clerk Allowances 2024

Once candidates complete the probation period, they are allocated additional allowances also with their basic salary. The allowances, other than the basic pay are explained below:

• Special Allowance: This is 7.5% of the Basic Pay. After completing one year, it may increase from ₹400 to ₹500.
• Dearness Allowance (DA): This is 4% of the Basic Pay. The DA is adjusted quarterly based on the Consumer Price Index (CPI).
• House Rent Allowance (HRA): The HRA varies depending on the posting location:
• Metro Cities: 8.5% of the Basic Pay
• Cities with a Population Over 5 Lakhs: 7.5% of the Basic Pay
• Other Cities: 6.5% of the Basic Pay
• Travel Allowance: Reimbursed by the bank for official tours and travels.
• Medical Allowance: ₹2,000 per year.

IBPS Clerk Salary- Perks

• Dearness Allowance – DA is 4% of the basic pay for the employees which is revised quarterly.
• House Rent Allowance – HRA is basically 7-9 % of the basic pay

HRA% is varied as per the cities that the candidate will be posted in eventually:

Cities	HRA %
Metro Cities	8.5
Cities with a population of more than 5 lakhs	7.5
Other Cities	6.5

The IBPS clerk’s salary in 2024 varies from bank to bank as well. A few other facilities that can be availed by the employees are home loans, education loans, medical benefits, etc.

IBPS Clerk Job Profile 2024

The candidates need to understand their duties and tasks. For this, we have discussed the IBPS Clerk Job Profile 2024 details below.

Responsibility	Description
Back Office Tasks	Maintain ledgers, collect bank receipts, manage daily closure details.
Passbook Updates	Update account holders’ passbooks at counters.
Receipt Printing	Print receipts for cheques and demand drafts.
Key Management	Safeguard and manage bank keys and safe keys.
Customer Information	Serve at the query window to provide information to customers.
Cash Handling	Handle deposits and withdrawals of cash.
Document Verification	Verify various documents and proofs submitted by customers.
Cash and Document Management	Manage bank cash, important documents, and keys.
Withdrawal Sanctioning	Approve and process customer withdrawals.
Document Maintenance	Maintain bank documents, balance sheets, and ledgers.
Customer Issue Resolution	Address and resolve customer issues.
Demand Drafts and Accounts	Issue demand drafts (DDs), open bank accounts, and provide cash receipts.
Scheme Information	Provide information about the latest schemes and government policies.
Banking Guidance	Guide customers on various banking activities.
Treasury Work	Attend to treasury-related tasks.
Query Resolution	Resolve customer queries and issues.
Miscellaneous Tasks	Perform various other tasks as required.

IBPS Clerk 2024 Career Growth

IBPS Clerks have many chances to grow in their careers. They can take promotion exams based on their performance, seniority, and experience. When they pass these exams, they move to higher positions, which increases their salary. The promotion hierarchy for IBPS Clerks is:

• Assistant Manager Scale I
• Manager Scale II
• Senior Manager Scale III
• Chief Manager Scale IV
• Assistant General Manager Scale V
• Deputy General Manager Scale VI
• General Manager Scale VII

Promotion Processes for IBPS Clerk

After becoming a clerk in a public sector bank, employees can pursue promotions to officer posts after completing 2 years of service. Public sector banks hold promotion tests every 2 years. Employees need to apply for promotions and pass exams like JAIIB and CAIIB. After becoming an officer, the career prospects include various higher-ranking posts within the bank.

Promotion Process	Description
Normal/Seniority-based Process	Candidates qualify for internal exams based on seniority and experience to be considered for promotion.
Merit/Fast-track-based Process	Candidates need to obtain JAIIB and CAIIB Diplomas from IIBF to qualify for promotion through this accelerated career progression path.

Related Blog:

IBPS Clerk Notification 2024	Click here to check
IBPS Clerk Apply Online 2024	Click here to check
IBPS Clerk Eligibility Criteria	Click here to check
IBPS Clerk Syllabus 2024	Click here to check
IBPS Clerk Syllabus 2024	Click here to check

IBPS Clerk Probation Period

After being selected for IBPS Clerk, candidates must undergo a 6-month probation period. During this time, their performance will be evaluated, and upon satisfactory work, they will receive a confirmation letter.

IBPS Clerk Salary Slip

The IBPS Clerk Salary Slip for 2024 showcases a comprehensive breakdown of an employee’s earnings and deductions. The basic pay is set at Rs.19,900, complemented by allowances such as Dearness Allowance, House Rent Allowance, and Special Allowance. Deductions include contributions to Professional Tax (INR 200) and Provident Fund (INR 2,000). The gross salary sums up to Rs.34,237 with a net salary of Rs.32,024 after deductions. Additional benefits include medical allowance, leave travel concession, pension scheme, and insurance coverage, making the compensation package attractive and well-rounded.

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• 
  IBPS Clerk Notification 2024 Out, Apply Online for 6128 Post
• 
  IBPS Clerk Vacancy 2024 Out, State, Bank & Category-Wise Details
• 
  IBPS Clerk Syllabus 2024, Exam Pattern for Prelims & Mains
• 
  IBPS Clerk Salary Structure 2024, Revised Salary, Job Profile
• 
  IBPS Clerk Eligibility Criteria 2024, Check Age and Education
• 
  IBPS Clerk Application Form, Application Ends on 28th July

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IBPS Clerk Salary 2024 – FAQs